Stock Traders Purchase High Volume of Gardner Denver Put Options (NYSE:GDI)

Gardner Denver Holdings Inc (NYSE:GDI) saw unusually large options trading activity on Thursday. Stock investors bought 757 put options on the stock. This represents an increase of approximately Infinity compared to the average daily volume of 0 put options.

In other news, major shareholder Fund Holdings L.P. Kkr sold 25,250,880 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $26.43, for a total value of $667,380,758.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Hedge funds have recently bought and sold shares of the company. Advisor Group Inc. lifted its holdings in shares of Gardner Denver by 145.5% in the third quarter. Advisor Group Inc. now owns 5,837 shares of the company’s stock worth $160,000 after acquiring an additional 3,459 shares during the last quarter. Amalgamated Bank bought a new position in shares of Gardner Denver in the third quarter worth about $223,000. State of Wisconsin Investment Board bought a new position in shares of Gardner Denver in the third quarter worth about $241,000. Pacer Advisors Inc. bought a new position in shares of Gardner Denver in the third quarter worth about $250,000. Finally, Engineers Gate Manager LP bought a new position in shares of Gardner Denver in the second quarter worth about $201,000.

Shares of Gardner Denver (GDI) traded up $0.31 during trading on Wednesday, reaching $31.47. 463,569 shares of the company’s stock were exchanged, compared to its average volume of 916,726. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.60 and a current ratio of 2.51. Gardner Denver has a 12-month low of $19.91 and a 12-month high of $32.75.

A number of analysts have recently commented on GDI shares. Zacks Investment Research raised shares of Gardner Denver from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Stifel Nicolaus upped their price target on shares of Gardner Denver from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Citigroup set a $34.00 price target on shares of Gardner Denver and gave the stock a “buy” rating in a research report on Friday, October 27th. Robert W. Baird reiterated a “buy” rating and issued a $30.00 price objective on shares of Gardner Denver in a report on Wednesday, October 4th. Finally, UBS upped their price objective on shares of Gardner Denver from $28.00 to $33.00 and gave the company a “buy” rating in a report on Friday, October 27th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Gardner Denver has an average rating of “Buy” and a consensus price target of $30.40.

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Gardner Denver Company Profile

Gardner Denver Holdings, Inc is a global provider of mission-critical flow control and compression equipments and associated aftermarket parts, consumables and services. The Company operates through three business segments: Industry, Energy and Medical. Industry segment designs, manufactures, markets and services a range of air compression, vacuum and blower products.

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